Australian legends AC/DC have finally answered the rumours – confirming that they will be releasing a new album titled Rock Or Bust this coming December. The 11-track effort will be the band’s first album in six years, but also the first without founding member Malcolm Young on guitar.

Young has had to step down from the band due to illness, and now it has been confirmed that he has officially retired from the band. Replacing him on the album is Stevie Young, nephew of both members Malcolm and Angus Young, who will also join on the band on their upcoming 2015 world tour to support the record.

So there’s good news and bad news, but fans should still be excited for what’s to come. Now, crack open a longneck and celebrate this news by headbanging to a little audio magic:

https://www.youtube.com/watch?v=pAgnJDJN4VA